Market falls a fraction as trade sums-up likely demand

By Elders Wool
Updated May 17 2021 - 4:40pm, first published 2:00pm
Clearances of wool at auction have been higher than in the early stages of the COVID-19 pandemic at this time last year, but retail demand, shipping and global economic factors have put downward pressure on values in the past week.
Clearances of wool at auction have been higher than in the early stages of the COVID-19 pandemic at this time last year, but retail demand, shipping and global economic factors have put downward pressure on values in the past week.

The Australian wool market managed to deal with a very big auction offering last week, and almost kept its head above the waterline.

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